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problem: Describe where in each of the following items should appear in the financial statements of a corporation:

[A] The company grants 5 of its employees the option to purchase 100 shares of it USD 5 par value common stock at its current market price of USD 20 per share anytime with the next 5 years. None of the employees exercised the options in the current year.

[B] The accounting departs discovered that an entry was made last year to Prepaid Insurance instead of to Insurance Expense. The after tax effect of the charge to Prepaid Insurance was USD 11,000

Please assist me to work out this question Most well established supermarkets globally have empress the use of information technology to manage their transaction of the business. Discuss reasons why they have taken such ...

Financial Worksheet "Do we have everything we need on sales and costs?" you ask. "It must be time to compute the net present value (NPV) and internal rate of return (IRR) of the Apix expansion project." "We have the data ...

Impact of Inflation Targeting by the Fed: Assume that the Fed adopts an inflation targeting strategy. Describe how the Fed's monetary policy would be affected by an abrupt 15 percent rise in oil prices in response to an ...

Suppose you borrow US$300,000.00 at 7% for 30 years with 0 points. Suppose also that the mortgage note includes a prepayment penalty of 1% of the mortgage balance if the mortgage is prepaid within 10 years. What is the e ...

Question 1: Queenslander Ltd operates a café and gift shop at Montville in the Sunshine Coast hinterland. You are the accountant for the company and the following items relate to the year ended 30 June 2016: (a) Queensla ...

Estimating Cash Flows Assume that your company is considering the replacement of an automated milling machine with one of the new machines offered by three different manufacturers. Each of the three machines under consid ...

Dodge Ball Bearings had sales of 19,000 units at $65 per unit last year. The marketing manager projects a 15 percent increase in unit volume sales this year with a 20 percent price decrease (due to a price reduction by a ...

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